Worldline launches independent review following fraud claims


French payment processor Worldline has registered with external experts to scrutinize its client base and internal controls after a sharp drop in stock prices due to media allegations that overlooked fraud.

In an interview with Les Echos, the company’s chairman, Wilfried Verstraete, confirmed that the auditing company, Accuracy, evaluates a portfolio of high-risk merchants.

Additionally, consulting firm Oliver Wyman has been appointed to investigate Worldline’s compliance mechanism.

Worldline plans to disclose preliminary results from these reviews along with the six-month financial results on July 30th, Verstraete told Les Echos, aiming to restore trust between investors and stakeholders.

The audit follows a report by the European Research Collaboration, a network of 21 European media outlets. This claims that Worldline ignored regulatory warnings and maintained relationships with clients related to high fraud rates.

In response, Worldline said it has strengthened its merchant risk management since 2023 and ended its non-compliant client relationships.

These claims have led to the market value of World Line falling below 1 billion euro from 24 billion euros ($28.1 billion) four years ago. Bloomberg It has been reported.

Last week, a Belgian prosecutor has it The investigation has begunnWorldline’s Belgian tactic following media coverage.

The Swedish financial supervisor requested a meeting with the company.

The European Central Bank (ECB) continues to hold two global bonds, with a memo of 500 million euros scheduled for 2027 and a memo of 600 million euros for 2028, as part of its quantitative easing programme. Bloomberg reported.

According to released data, these bonds were acquired several years ago but remained on the ECB holding list.

The ECB does not disclose the size of individual corporate bond holdings and is not obligated to sell bonds if the rating is downgraded to a non-investment grade.

These securities are generally available for lending, allowing investors to borrow them and speculate about a decline in prices.

“Worldline has first created and published an “Starting an Independent Review Following Scarrying Claims” Electronic Payment Internationala brand owned by GlobalData.


The information on this site is contained in good faith for general information purposes only. It is not intended to be the advice you should resort to, and we will not give any representations, warranties or warranties, whether express or implied regarding its accuracy or completeness. You should seek expert or expert advice before taking or refraining from taking any medication based on the content on our site.

Leave a Reply

Your email address will not be published. Required fields are marked *